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Boeing Stock Price Analysis After a Sharp Increase in Aircraft Deliveries

Boeing stock price saw a huge spike of 7 per cent in Tuesday’s trading session. Yesterday, the bullish trend continued with prices rising by 2 per cent. The surge in price comes amidst a streak of positive headlines that includes the company’s deliveries being the highest since March 2019. According to the latest figures, it delivered 51 aircraft last month.

The deliveries saw the total number of deliveries in the first half of the year reach 216 jets. This was a 38 per cent increase from the same period last year. Among its biggest sales was the Boeing B737 MAX, which accounted for a majority of its deliveries, and totalled 43 of the 51 June deliveries. The jet was also the highest in the first half of the year and accounted for 181 of the 216 sales made. 

Boeing also closed the gap on some of its competitors, including Airbus, which had 295 deliveries in the first half of 2022. This was 79 more than Boeing delivered. However, it was an improvement from last year’s same period, when Airbus delivered 141 more aircraft. 

Boeing Stock Price Analysis

The recent positive data may have contributed to Tuesday’s stock spike, which continued into yesterday’s trading session. Based on the positive data, I also expect the trend to continue, with a likely price level of $150 being hit soon.

The recent spike in delivery is expected to have a major impact on the markets. There is also a high likelihood that the company will continue improving on the current data, which will see investors’ confidence in the company continue to improve,  resulting in investments. 

There is also a high likelihood we will see prices continue their recovery past the $150 level, and possibly hit $190 within the next few months. My analysis will only be invalidated if bad financial reports come to light, which will see the current investors’ confidence in the company crash.

Boeing Daily Chart

Boeing share price